US EditionU.S. in final decision to hike Canadian softwood duties, tells officers to collect
BRITISH COLUMBIA, CANADA, AUG 8 – The U.S. raised countervailing duties on Canadian softwood lumber imports to 14.63%, bringing combined duties to 35.19% to address unfair subsidies, Commerce Department said.
- The U.S. Department of Commerce has increased countervailing duties on Canadian softwood lumber imports from 6.74% to 14.63%, in addition to recent anti-dumping duties of 20.56%, bringing total duties to 35.19%.
- The BC Lumber Trade Council president said the decision places unnecessary strain on forestry regions in Canada while raising construction costs in the U.S.
- The Canadian government has promised $700 million in loan guarantees and $500 million in long-term support to help the industry diversify export markets and develop new products.
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This decision will harm communities on both sides of the border, according to Canadian companies.
·Montreal, Canada
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US Raises Duties on Canadian Lumber to Over 35 Percent
The U.S. Department of Commerce says it has made a final decision to more than double countervailing duties on Canadian softwood lumber imports, a move business groups in British Columbia say will harm communities on both sides of the border. A statement from the American department said the duty for most Canadian companies is being increased to 14.63 percent, up from 6.74 percent, after it determined softwood lumber from Canada was being unfair…
·New York, United States
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The U.S. Department of Commerce announced the doubling of countervailing duties on imports of Canadian softwood lumber.
·Montreal, Canada
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Coverage Details
Total News Sources78
Leaning Left22Leaning Right9Center17Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 35%
R 19%
Factuality
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